Near Protocol price prediction as price booms 32% in a week

• Near Protocol Tokens Added 32% in One Week

• Cryptocurrencies have not yet escaped from the resistance zone

• Retracement is possible, but please wait until the breakout

Near Protocol Token NEAR / USD attracts suitors. Tokens added a cool 32% in a week and added enthusiasm for smart contract protocols. If the NEAR succeeds in clearing the key level, the NEAR may explode to a higher level.

The Near Protocol claims to remove some barriers that limit the adoption of Web3. The smart contract platform boosts low rates and high speeds. With smart contract capabilities, Near Protocol provides an excellent alternative to Ethereum. Allows communication and asset exchange between Ethereum and other protocols such as Polkadot. NEAR may be boosted by soaring Ethereum prices.

Despite the recent strong rise, NEAR remains close to the lowest price of $ 3.1. Cryptocurrencies are currently trading at $ 4.3. This should indicate that NEAR is well supported by the lowest price. However, investors looking to add NEAR should be aware of immediate resistance.

NEAR faces resistance at $ 4.3 in a bullish push

Source TradingView

With recent profits, the NEAR recovery case is unquestionable. The bullish momentum has also moved the MACD indicator into the positive territory. However, NEAR is facing resistance at $ 4.3. The price has already reached resistance and shows some retracement. If NEAR goes back, the lowest price of $ 3.1 is important. Of course, it depends on the sentiment of common cryptocurrencies.

Prices can also be bullish with resistance and lead to breakouts. It sets $ 6 to the next level of visibility and could add a bull to ride a higher price. So far, we’re seeing price behavior at $ 4.3.

Overview

The NEAR token is bullish, but has been hit by resistance at $ 4.3. Investors need to monitor how price behavior evolves with resistance. Buy at breakout.